Financing For The Golden Solution To Hijrah Bank Muamalat Soars To IDR 39.7 Billion

Bank Muamalat (Doc. Public Relations)

JAKARTA PT Bank Muamalat Indonesia Tbk's Hijrah Gold Solution financing continues to increase. At the end of 2023, this new booking product only reached Rp6.4 billion. This value shot sharply to Rp39.7 billion at the end of 2024.

Director of Bank Muamalat Karno said, since attending in the second half of 2023, the Hijrah Golden Solution has proven effective in attracting customers' interests. They increasingly understand the importance of investing in gold as a solution to future needs.

"The Hijrah Golden Solution provides room for customers to adjust their financial goals to their routine expenditure capabilities. Customers can have gold without having to pay in full at the beginning," said Karno, Tuesday, February 18.

Karno said, one of the advantages of this product is that customers can determine the purpose of gold ownership, for example as child education funds, payment of hajj, or protecting the value of assets to anticipate an emergency. In fact, when it is paid off and later it is not disbursed, the gold can be inherited.

"The possession of gold is also our means of hijrah finance because this product only exists in Islamic banks, including at Bank Muamalat," concluded Karno.

With the Hijrah Golden Solution product, gold ownership can be planned in stages from small nominal to 5 grams to 500 grams. Because the price of gold is locked through an agreement at the beginning of the contract, customers don't have to worry if there is a fluctuation in the price of gold during the installment period.

Karno added that the Hijrah Golden Solution makes it easier for customers to have gold without worry because the quality of precious metals and sharia principles are guaranteed. The gold financed is precious metal withcertiee technology supplied by PT Antam Tbk and has been accredited by the London Bullion Market Association (LBMA).

This gold ownership product is a financing product with a tenor of up to 10 years. The contracts used are murabahah or buying and selling goods in the form of gold bullion at a price agreed by customers and banks at the beginning of the contract.